Strategies to find fix and flip deals in a hot market

[Simon Stahl]

Hi fellow investors

I am trying to get started flipping in probably one of the hottest markets in the country. I am living in Oakland, CA and try to buy in the triangle Oakland, Sacramento, Stockton. I am looking for almost a year now and have not found anything so far that would work out. I am trying several different strategies to find properties:

Wholesalers: I have signed up with a whole bunch of them, but there is not much coming from that channel.

Direct mail: I have tried different mailing list like pre-foreclosures, non owner occupied or just everyone in a certain area. I am pretty much at zero response rate. I know persistency is the key, but I'm still not getting any responses after several mailings to the same list.

Low offers on MLS listings: In this market that seems pretty much impossible as all listings receive multiple offers.

Auctions: Well, what should I say, not enough cash for that...

I am wondering what others are doing to find deals in this market. Any advice?

Simon